Question 7 On March 1, 2020, Peggy's Cafe acquired equipment for $220,000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $20.000. What is the depreciation for 2020, if Peggy's Cafe uses the asset 14,200 hours and uses the activity based depreciation method? (round to the nearest dollar) $29,583 $32,542 $35,500 $39,050 4 pts O None of the above.

On Manch 1, 2020, Peger's Cafe acquired equipment for $220,000. The estimated life of thit cuifipment it 5 yeare or an ono hours. The estimated residual value is $$20,000 What is the depreciation for 2020, if Pegery's Cafe uses the asset 14.200 hours and uses the activity based depreciation method? (round to the nearest dollar) 529,583 335.500 None of the above